đ„Bitcoin Set to Close the CME Gapđ€âŠïž
Bitcoin has surged once more into the resistance zone, marked between $68,000 and $66,170. The pressing question is whether Bitcoin can breach this zone.
Based on Elliott Wave theory, Bitcoin appears to be nearing the completion of the primary wave 5. This wave's structure is likely to form an Expanding Ending Diagonal.
Additionally, there is a Regular Divergence (RD-) observable between consecutive peaks, indicating potential downward momentum.
It's anticipated that Bitcoin will decline at least to the support line, which aligns with the CME gap between $66,350 and $65,835.
This analysis is based on the BTCUSDT 15-minute time frame.
Remember to set stop losses for all your trading positions to manage risk effectively.
DYOR before investments.
